European buyout firm Permira has named one of the industry's most high profile female executives to the senior position of head of Asia following the retirement of the person who founded its operations there.

Veronica Eng has become head of Asia at Permira, replacing Guido Paolo Gamucci, 55, who set up the firm's Tokyo office in 2005 and later moved to oversee the launch of its Hong Jong office. He announced his intention to retire to investors in June and stood down at the end of the year.